May 1996, Wiley-Blackwell
The text is exceptional in that it provides more continuity between the methods of development economics and other fields of economics.
The text is a framework for the study of development theory. Because development theory is based on the microeconomics of household and firm choice, students will be familair with the methods of economics used. It also illustrates extensions of standard economic theory to development economics using graphical and mathematiclal expositions.
Historical Theories of Development.
The Classic Theory.
Keynesian Growth Models.
The Neoclassical Model.
The New Growth Economics.
2. A Unifying Theme.
Rationality: Individual Choice.
Rationality: Household Choice.
Extensions of Rationality: A Sociology of Choice.
Limitations of Rationality.
The Development Process.
3. The Traditional Sector and Development.
The Traditional Sector.
Market Integration and Transaction Costs.
Development by Displacement.
Traditional Sector Development.
Traditional Sector: Manufacturing.
4. Fertility and Population.
Malthus and Malthusianism.
Endogenous Population Growth Models (Neo-Malthusian).
Proximate Determinants Approaches.
Efficiency Wage Models.
Appropriate Technique and Appropriate Technology.
6. Public Economics.
Welfare Economics and Consumer Surplus.
Shadow Prices: Valuing Outputs and Inputs.
7. International Trade.
Results of Import Substitution.
8. The State.
Concerning Market Imperfections.
Protecting Ruling Coalitions.
Fostering Development and Institutional Change.
* Contains most comprehensive citations of recent literature.
* Abundance of Japanese examples which provide a global distinction.
* Presents rational decision making as an organizational framework.
* Uses mathematical and graphical methods to explain theory.
* Includes a comprehensive treatment of population and development and the theory of state and development.